EBF MORNING BRIEF Wednesday 18 September 2024 Good morning. Here are the top news stories and events in European banking, financial regulation and EU policy, brought to you by the European Banking Federation.
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FROM THE MEDIA
Bloomberg: Simkus says likelihood of October rate cut is ‘very small’
There’s little chance that the European Central Bank (ECB) will lower interest rates again next month, according to Governing Council member Gediminas Simkus. While officials want to maintain flexibility and to continue to make data-driven decisions, another reduction in the deposit rate so soon after this month’s quarter-point cut would be “hard,” Bloomberg reports. Read more
Reuters: UniCredit to seek ECB approval to potentially buy up to 30% of Commerzbank, sources say
UniCredit will seek European Central Bank (ECB) clearance to potentially buy up to 30% of Commerzbank, three people close to the matter told Reuters, in order to have the "flexibility" the Italian bank's CEO Orcel said he needs to plan his next move. Read more
Euronews: Brexit impact keeps getting worse, economists warn
A new study shared by Euronews suggests that the economic slump caused by the change in UK-EU relations post-Brexit is not just a short-term hiccup, but likely to persist. Read more |
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THIRD 2024 BANKING ESSENTIALS WEBINAR The Future of Instant Payments:
Challenges and Strategies in Europe Wednesday 25 September 2024 | 3:30 - 4:30 PM (CET) |
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 | European banks are currently navigating the complex world of instant payments, a sector that has seen rapid growth and significant regulatory attention. As interest rates rise, the implications for payment systems and their regulation become increasingly important. This webinar will provide a deep dive into the instant payment regulations that are shaping the European financial landscape, offering a clear understanding of the rules and their impact on banking operations.
The EBF will be represented by Christophe Bonte, Senior Policy Adviser for Payments & Innovation, who will introduce the topic and open the panel.
Register now to gain insights into future market developments in the instant payments sector, as well as the challenges and opportunities ahead.
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FROM EBF MEMBERS
FBF: The French divided on the economic opportunities of the suburbs
An exclusive IFOP study, in partnership with the French Banking Federation (FBF) and the Economic Forum of the Suburbs, reveals unprecedented results on the perception of economic opportunities in the French suburbs. Read more (FR)
BdB: Concrete proposals for reform of the securitisation market
An expert initiative from the financial industry has submitted a comprehensive report with concrete measures to strengthen the securitization market to the Federal Ministry of Finance, the Association of German Banks (BdB) reports. Read more (DE)
Finance Latvia: How to safely use Smart-ID and avoid falling into the clutches of fraudsters
In order to safely shop on the Internet or use some other online services, one needs to securely authenticate or prove identity. Read more (LV) |
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FROM THE INSTITUTIONS
ECB: Consolidated financial statement of the Eurosystem as at 13 September 2024
In the week ending 13 September 2024 the net position of the Eurosystem in foreign currency increased by EUR 0.1 billion to EUR 326.4 billion, the European Central Bank (ECB) reports. Read more
BIS: Private sector partners join Project Agorá
More than 40 private sector financial firms, convened by the Institute of International Finance, will join the Bank for International Settlements (BIS) and a group of leading central banks in Project Agorá to explore how tokenisation can enhance wholesale cross-border payments. Read more EC: Press statement on the next College of Commissioners The European Commission (EC) has published the Press statement by President Ursula von der Leyen on the next College of Commissioners. Read more |
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FROM THE EBF
New EBF Vacancies! Work with us!
Visit our Vacancies page to learn more about the opening positions at the EBF. Read more
European credit sector associations call for boosting fraud prevention efforts across the fraud chain
The European Credit Sector Associations, composed of the European Association of Cooperative Banks (EACB), the European Banking Federation (EBF), the European Savings and Retail Banking Group (ESBG) welcome the publication by the Euro Retail Payments Board (ERPB) of its Working Group Report on fraud related to retail payments. Read more
EBF Paper: Open Strategic Autonomy & Market Access
The European Banking Federation (EBF) publishes this paper with the hope of contributing the European banking sector’s view to an important public discussion around OSA and market access. Read more |
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ABOUT THE EUROPEAN BANKING FEDERATION
The European Banking Federation is the voice of the European banking sector, bringing together national banking associations from across Europe. The federation is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere. Website: www.ebf.eu |
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This newsletter is published by the EBF Mediacentre.
For questions or suggestions contact r.hrelja@ebf.eu European Banking Federation Avenue des Arts 56, B-1000 Brussels, Belgium
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